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Paragraph 4 Regulatory decisions for trade repositories for the purposes of Article 77(2) of EMIR

Original text. Later amendments are not shown.

The FCA may grant recognition to a trade repository established in an EEA state for the purposes of Article 77(2) of EMIR only if—

(a)

the trade repository is authorised and subject to supervision in that EEA state;

(b)

an equivalence direction has been made that makes a determination in relation to that EEA state for the purposes set out in paragraph 4A of Schedule 1 to the 2019 Regulations; and

(c)

relevant cooperation arrangements have been established in relation to that EEA state.